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APR 30, 2014 - Yahoo! News

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Cold weather seen temporarily slowing U.S. economy

By Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth likely braked sharply in the first quarter due partly to an unusually cold and disruptive winter, but activity already appears to be bouncing back. Gross domestic product probably grew at a 1.2 percent annual rate, according to a Reuters survey of economists, pulling back from the fourth quarter's 2.6 percent pace. "We have effectively written off first-quarter growth performance in part due to the adverse weather conditions," said Millan Mulraine, deputy chief economist at TD Securities in New York.

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